HMBS ISSUANCE

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Reverse mortgage securities fall to near 5-year low

Mar 12, 2019By

In a troubling sign of the poor health of the reverse mortgage market, issuance of HECM-backed securities fell to their lowest level in nearly five years. According to the latest commentary from New View Advisors, reverse mortgage issuance totaled just under $491 million in February and total outstanding HECM-mortgage backed securities fell below $55 million.

3d rendering of a row of luxury townhouses along a street

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